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John Pierpont Morgan is born
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In 1857 Morgan inherited his father's old banking firm
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In 1861 Morgan married Amelia "Mimi" Sturges, who died in 1862
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In the early days of the American Civil War Morgan financed a scheme, known as the "Hall Carbine Affair", that purchased 5,000 dangerously defective Hall's Carbines being liquidated by the U.S. Government at a cost of $3.50 each. The rifles were later resold to the government as new carbines lacking the safety flaw at a cost of $22.
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On May 31, 1865 morgan was married to Frances "Fanny" Louisa-Tray and had 4 children with her
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J.P. Morgan failed to obtain a Parlamentary licence to build an underground railroad to compete with the subway system owned by transit magnate Charles Tyson Yates.
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In the panic of 1907, a recession caused by a 50% drop in stock prices. JP Morgan decided to use $30 million to help keep the Tennessee Coal and Iron Company afloat in order to keep things from getting worse.
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In 1910 J.P. Morgan combined with Charles Schwab and Andrew Carnegie to create the United States Steel Company as a monopoly.
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While traveling, Morgan died in his sleep in the Grand Hotel in Rome. On Wall Street, flags flew at half mast.
